Johnson Controls International plc [JCI] stock Initiated by BofA Securities analyst, price target now $85

Johnson Controls International plc [NYSE: JCI] surged by $0.93 during the normal trading session on Tuesday and reaching a high of $67.755 during the day while it closed the day at $67.58. The company report on November 18, 2022 that Johnson Controls to Present at the Credit Suisse Global Industrials Conference.


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Johnson Controls International plc (NYSE: JCI), the global leader for smart, healthy, and sustainable buildings, will present at the 10th Annual Credit Suisse Global Industrials Conference in Palm Beach, Florida. Chairman and Chief Executive Officer, George Oliver, will participate on Friday, December 2, 2022, at 9:30 a.m. ET.

A live webcast of the presentation will be available on the company’s website at: http://investors.johnsoncontrols.com/news-and-events/events-and-presentations.

Johnson Controls International plc stock has also gained 1.78% of its value over the past 7 days. However, JCI stock has inclined by 21.83% in the 3 months of the year. Over the past six months meanwhile, it has gained 32.64% and lost -16.89% year-on date.

The market cap for JCI stock reached $45.70 billion, with 688.60 million shares outstanding and 687.31 million shares in the current float. Compared to the average trading volume of 4.16M shares, JCI reached a trading volume of 3552441 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Johnson Controls International plc [JCI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JCI shares is $68.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JCI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Johnson Controls International plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 02, 2022. While these analysts kept the previous recommendation, Deutsche Bank dropped their target price from $80 to $79. The new note on the price target was released on March 24, 2022, representing the official price target for Johnson Controls International plc stock. Previously, the target price had yet another raise to $93, while Mizuho analysts kept a Buy rating on JCI stock. On November 08, 2021, analysts increased their price target for JCI shares from 82 to 83.

The Average True Range (ATR) for Johnson Controls International plc is set at 1.68, with the Price to Sales ratio for JCI stock in the period of the last 12 months amounting to 1.81. The Price to Book ratio for the last quarter was 2.86, with the Price to Cash per share for the same quarter was set at 3.00. Price to Free Cash Flow for JCI in the course of the last twelve months was 95.61 with Quick ratio for the last quarter at 0.80.

JCI stock trade performance evaluation

Johnson Controls International plc [JCI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.78. With this latest performance, JCI shares gained by 22.98% in over the last four-week period, additionally plugging by 32.64% over the last 6 months – not to mention a drop of -15.15% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JCI stock in for the last two-week period is set at 71.74, with the RSI for the last a single of trading hit 73.97, and the three-weeks RSI is set at 68.95 for Johnson Controls International plc [JCI]. The present Moving Average for the last 50 days of trading for this stock 56.59, while it was recorded at 66.56 for the last single week of trading, and 56.99 for the last 200 days.

Johnson Controls International plc [JCI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Johnson Controls International plc [JCI] shares currently have an operating margin of +9.39 and a Gross Margin at +32.87. Johnson Controls International plc’s Net Margin is presently recorded at +6.06.

Return on Equity for this stock inclined to 9.06, with Return on Assets sitting at 3.62.

Johnson Controls International plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.00.

Earnings per share (EPS) analysis for Johnson Controls International plc [JCI] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JCI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Johnson Controls International plc go to 15.45%.

Johnson Controls International plc [JCI]: Insider Ownership positions

There are presently around $41,928 million, or 97.80% of JCI stock, in the hands of institutional investors. The top three institutional holders of JCI stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 65,453,972, which is approximately -3.872% of the company’s market cap and around 0.20% of the total institutional ownership; DODGE & COX, holding 64,804,158 shares of the stock with an approximate value of $4.38 billion in JCI stocks shares; and VANGUARD GROUP INC, currently with $4.04 billion in JCI stock with ownership of nearly 0.377% of the company’s market capitalization.

Positions in Johnson Controls International plc stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 373 institutional holders increased their position in Johnson Controls International plc [NYSE:JCI] by around 33,621,412 shares. Additionally, 420 investors decreased positions by around 28,979,485 shares, while 165 investors held positions by with 557,812,716 shares. The mentioned changes placed institutional holdings at 620,413,613 shares, according to the latest SEC report filing. JCI stock had 73 new institutional investments in for a total of 11,397,826 shares, while 96 institutional investors sold positions of 2,499,909 shares during the same period.

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